A lot of stay at home moms like the idea of working from home and getting involved in Internet Marketing to make money. There are a lot of benefits to starting and running an online business from home, so in this article, we will discuss some of the major ones to help you to decide if it is right for you or not.
You can Make Money Online
There are many different online business models that you can use to make money online. Some of these require little or no financial investment, and some need some startup capital.
When you create an online business, you are developing an asset. Once your website starts to make money, its value will increase. You must use the technology at your disposal to automate your online business as much as possible. There is something really magical about making money while you sleep.
It is a Rewarding Experience
It is not easy to create a successful online business, and this is even more difficult if you are a stay at home mom with children to take care of. You will need to learn new things and take a lot of action to start making money.
Making your first dollar online is an incredibly rewarding experience, and it will make you hungry for more. You can take a step back and look at what you have created and feel justly proud that you started this online business from scratch, and your efforts have paid off.
You will be Close to your Family
Although working from home has some disadvantages, one of the significant advantages is that you will be there with your family. It is a lot better than having to commute to a regular job and spend money on gas or public transport and be away from home several hours a day.
As a stay at home mom online business owner, you can set your own hours. If your children are at school, then you can work while they are away. You will learn to use your time wisely and get help if you need it with your family and your online business tasks.
The Startup Costs are Low
You can start an online business from home with little or even no money. All you need is a computer or mobile device and an Internet connection. We do recommend that you invest in a domain name for your website at around $10 a year and some web hosting for less than $10 a month.
You can start an affiliate marketing business for next to nothing, or you can create your own product, such as a “how-to” guide for nothing as well. All you need is a word processor which you can get for free by downloading the Open Office suite.
Anyone Can Create a Successful Online Business
You do not need any special skills to start and run an online business. It is more important that you are passionate about the whole thing and are willing to learn. There is no need for you to know any of the technical stuff behind websites, as you can do just about everything with no technical skills these days.
Is Starting An Online Business At Home Right For You?
There are a lot of stay at home moms that want to start an online business and make money online from the comfort of their own home. Just because you have decided to stay at home and take care of your children doesn’t mean that you cannot go into business for yourself online and make extra money.
Is this something that you have read about and appeals to you? Maybe you have an excellent idea for an online business or a particular skill that you can teach people? But how do you know if the online business lifestyle is right for you and your family? It would help if you considered several different things here.
Do you have some Money to Invest in an Online Business?
Although it is possible to start an online business with nothing, it is much better if you have a little money to invest into it. It is always a better option to have your own domain name and website rather than to use a free blog or website for your business.
If you use a free website, then there is always the possibility that you can lose all of your content without any explanation. This has happened to a lot of people, and it is excruciating to see all of your hard work just disappear in front of your eyes.
To be successful with an online business, you will need to sell something or promote other people’s products or services. If you use a free website to do this then some people are going to think that you are cheap. If they think this, then there is very little chance that they will buy anything that you recommend.
There are other costs to consider, as well. You will need to learn as much as you can about online business and while there is a lot of free stuff on the Internet available, you may need to purchase the right course on the subject.
We would always recommend that you build an email list and use email marketing to communicate with potential customers. To do this, you will need to use an autoresponder service that will cost you around $20 a month to start with.
Do you have the Support of your Family?
Starting and running an online business requires time and dedication. If you have young children or a baby at home then this can be tough. You really need the support of your family and possibly friends and neighbors to help you to find the time that you need.
There will be times when you need someone else to take care of your children while you focus on your online business. If you have a partner, are they willing to do this? Maybe they work a full-time job and just want to relax when they return home?
What about the grandparents? Do they live close by, and would they be willing to look after the kids while you work on your online business? How about siblings, friends, and neighbors? You need to get as much help as you can to free up your time.
Do You Have The Right Characteristics To Run An Online Business From Home?
If you are a stay at home mum and want to be successful with your online business, then you need the right characteristics. Some people are just more suited to doing this than others. Let’s take a look at some of the traits that you will require in this article.
Are you Organized?
To work from home successfully, you need excellent organizational skills. You will need to keep important information saved about your online business, so you need a sound system to do this. If you just save stuff anywhere, then it will be challenging to find the information you need, and it will waste a lot of your time.
When you have something new to save, put into a folder on your computer where it will be easy for you to remember. If a folder doesn’t exist for the new information, then create one. Be sure to back up your important files regularly.
Can you handle Distractions?
Working from home means that you do not have a boss to keep you in check. You are your own boss, so you need to be disciplined and avoid time-consuming distractions. We are not talking about handling the demands of your children here. Other distractions such as TV, people dropping by unannounced, social media, and other things can really steal your time.
If you feel the temptation to watch some TV, spend hours on social media or do anything else that will steal your valuable time, then ask yourself this question “is this more important than my online business?” The answer should always be no.
There is nothing wrong with spending some time relaxing in front of the TV or checking out what your family and friends are doing on social media. Just schedule a specific amount of time for this and stick to it.
Learn to say no to people. If you get a call from someone who wants you to spend time with them at the mall or the park then politely refuse. This is OK once in a while, but you don’t want to make a habit of it.
Do you have good Self Discipline?
It is not easy to juggle the pressures of taking care of your children and running an online business from home. You need to have strong self-discipline and use the available time that you have to work on your online business tasks.
To help you with this we recommend that you plan your day and have a “to do” list, which shows the tasks that you need to complete. Your plan will not always work out as you expect, especially if you have young children, but it is better than not having a plan at all.
Can you Motivate yourself?
To be successful with your online business as a stay at home mom, you will need to stay motivated and keep going even when your day hasn’t gone too well or you are tired. Create goals for your online business and make sure that you can see these so that they will motivate you.
Create a WHY statement that explains why you started your online business. This needs to conjure up strong emotions so that you will be raring to go and do whatever is necessary to make your online business a success.
How To Choose The Right Niche For Your Online Business
When you are first starting an online business, you need to choose a niche and then work this until you can have everything on autopilot before you move on to another niche. One of the best ways to stay motivated with your online business as a stay at home mom is to get involved in a niche that you are passionate about.
The only problem with this is that not all niches will have commercial viability. This means that the ways to monetize the niche are either limited or nonexistent. So you need to test the niche to how many monetization options exist before you go ahead with it.
Identify what you are Interested in
We are all interested in certain things, so take some time out to write a list of those things that you like. Don’t make any judgments as you write. You can check to see how viable the niche is later on.
If you are struggling to come up with ideas, then ask yourself these questions?
* What do you really like doing?
* How do you like to relax?
* What do you really look forward to?
* How can you help others with your knowledge?
* What do you search for online?
* Do you like any sports?
* Do you like keeping fit?
* Have you lost weight recently?
* Do you like cooking?
* What are your dreams?
These questions should undoubtedly spark some ideas. You can think back to when you were younger and what you enjoyed doing when you were a child, a teenager and a young adult. Just get it all down on paper.
What skills do you have?
Are you really good at something which could help others? Maybe you consider yourself to be a good parent and your well-adjusted children are proof of this? Or perhaps you learned a specific skill such as bookkeeping when you were working?
Everyone has a different set of skills. So don’t think that you do not have anything to offer. Some moms are good with kids and can get through to them better than others. What obstacles in life have you had to overcome, and how did you do that? Again write a list of your skills and don’t make any judgments at this stage.
Drawing up a final list
Look at what you have written on both of these lists. Think about each one in turn and notice how you feel about them inside. If you have strong feelings about something, then add it to the final list. If you can take it or leave it, then don’t add this to the final list.
This step is only necessary if you have lots of different ideas on your two lists. If you only have a few, then this step may not be required. You need to decide here.
What Niches are Viable?
Go through your list one by one and use Google to search for information on the size of the niche. You want to know how big the niche is and whether there is a demand for information about it.
If the niche is a good size, then check to see if people are spending money in it. Look at websites like Amazon and Clickbank to see if there are products for sale in the niche. Only go with a niche that has good demand and good monetization potential.
What Online Business Model Will You Choose?
You must choose an online business model that suits you and fits your situation as a stay at home mom. Some of the business models will require a lot of time, while others will need a financial investment. In this article, we will look at three of the most popular online business models that you can get involved with.
Become an Affiliate
As an affiliate marketer, you will promote products and services created by other people for a commission. This is great because you donÆt have to create your own products, nor do you have to deal directly with customers.
You can choose to promote physical products such as home appliances, electronics, and so on, or you can promote digital products such as ôhow toö guides, software, and training courses. You could promote both if you want to.
The main difference here is the commission levels. With physical products, the commissions are typically low. You may only make a small percentage of the sale price in commission as low as 3%. Digital products have higher commissions ranging from 50% up to 100%. It is easier to make sales with physical products.
You can join affiliate programs for free. Amazon has an affiliate program where they will pay you for promoting products that they sell. For digital products, you can head over to Clickbank.com and become an affiliate instantly and promote any of the products in their marketplace.
Choosing The CPA Business Model
Cost Per Action (CPA) marketing works in a similar way to affiliate marketing but there is one big difference û you can earn commissions without people having to buy anything. The clients that launch CPA offers are looking for leads that they can convert into customers at a later date.
So you can promote free giveaways where all the visitor has to do is provide their email address, for example. Or you could choose to promote free trial offers where the visitor agrees to try a product for some time without committing to a purchase.
There are literally thousands of CPA offers that you can promote and new ones are appearing all of the time. The commissions are usually meager for CPA offers but it is easier to convert visitors so you can make good money doing this. It can be tough for a new person to be accepted by a CPA network but there are ways around this.
Creating your Own Products
If you have a skill that people can benefit from, then you can create your own products and sell them online. You can create written guides that show people how to do something or even a video training course that you can sell for a higher price.
The major advantages of creating your own products and selling them are that you keep all of the revenue, and you also keep the customer. Having your customer’s details (such as their name and email address) is important because you can stay in touch with them and tell them about new products that you are going to launch.
Creating your own products is a lot of work, and if you are not good at writing, then you will need to find someone else to do this for you. You will also need to create high-quality graphics and have a good copy for your sales page.